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Consumer Financial Protection Bureau (CFPB) Richard Cordray

Troutman Pepper

Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter - June 2021

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Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients...more

Ballard Spahr LLP

Education Department names Richard Cordray Chief Operating Officer of Federal Student Aid

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The Department of Education has announced that it has selected former CFPB Director Richard Cordray as the Chief Operating Officer of Federal Student Aid.  In addition to having served as CFPB Director, Mr. Cordray formerly...more

Hinshaw & Culbertson - Consumer Crossroads

CFPB Rescinds RESPA Compliance and Marketing Services Agreements Bulletin, Provides Clarity on RESPA Fee Prohibition in FAQs

The Consumer Financial Protection Bureau (CFPB ) rescinded Bulletin 2015-05, RESPA Compliance and Marketing Services Agreements on October 7, 2020, stating that the bulletin did not provide the regulatory clarity necessary...more

Ballard Spahr LLP

Not In Time For Christmas: Former Director Cordray Authors Book On CFPB

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Although it will not be published in time for holiday gift giving, pre-orders are being taken for a new book written by former CFPB Director Richard Cordray....more

Ballard Spahr LLP

Leandra English, CFPB Deputy Director, to resign and drop lawsuit against Acting Director Mulvaney and President Trump

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Leandra English, who was appointed CFPB Deputy Director by former Director Cordray before his November 2017 resignation, announced today that she will resign as Deputy Director early next week. Ms. English indicated that her...more

Allen Matkins

Federal Regulator's Departure Foments Move To Tighten Oversight Of Finance Lenders

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Richard Cordray's resignation last fall as head of the federal Consumer Financial Protection Bureau may result in more stringent regulation of California Finance Lenders. In February, Assemblymember Monique Limón introduced...more

BakerHostetler

Mulvaney Issues Report Outlining Proposals to Reform CFPB

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Earlier this month, the Consumer Financial Protection Bureau (CFPB) issued its semiannual report (the “Report”) to the President and Congress. In the Report, Acting CFPB Director Mick Mulvaney proposes to significantly reform...more

Skadden, Arps, Slate, Meagher & Flom LLP

Consumer Financial Protection Bureau Update

A degree of uncertainty hangs over the Consumer Financial Protection Bureau (CFPB) following the November 2017 resignation of its first director, Richard Cordray. On his last day in office, Cordray appointed his chief of...more

Stinson LLP

Will the New Year Bring a New CFPB? Planning in the Wake of Uncertainty

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The Consumer Financial Protection Bureau (CFPB) was created under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) in July 2010 in the wake of a financial crisis, as an independent agency tasked with...more

Cozen O'Connor

The State AG Report Weekly Update

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AG Elections- Republican Todd Atwater Announces Bid for South Carolina Attorney General- Republican state Representative Todd Atwater has declared his candidacy for South Carolina AG in 2018. ...more

Manatt, Phelps & Phillips, LLP

Battle of Acting Directors: Round One to Mulvaney

Earlier this week, a federal judge refused to grant a temporary restraining order preventing Mick Mulvaney from assuming the reins of the Consumer Financial Protection Bureau (CFPB) as acting director....more

Ballard Spahr LLP

Cordray announces candidacy for Ohio governor

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Ending many months of speculation, former CFPB Director Richard Cordray announced yesterday that he is running for Ohio governor....more

Kilpatrick

Court Rules in Favor of Trump Appointee for CFPB Acting Director Slot

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As we reported on earlier today, Consumer Financial Protection Bureau (CFPB) Deputy Director Leandra English filed a lawsuit late Sunday evening in the U.S. District Court for the District of Columbia (District Court) seeking...more

Pillsbury Winthrop Shaw Pittman LLP

The Trump Administration Gets Its Man at the CFPB

Mick Mulvaney is secure in his new title as Acting Director of the Consumer Financial Protection Bureau (CFPB)—at least for now—as a result of a Trump-appointed judge’s decision, issued on November 28, 2017. The decision came...more

Ballard Spahr LLP

Democratic lawmakers, Republican attorneys general submit amicus briefs in CFPB Acting Director dispute

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Past and present Democratic Representatives and Senators filed an amicus brief in support of the motion for a temporary restraining order filed by Leandra English to block Mick Mulvaney from exercising the authority of CFPB...more

Ballard Spahr LLP

TRO denied in CFPB Acting Director dispute; Mulvaney imposes regulatory freeze

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Tuesday afternoon, Judge Timothy Kelly of the D.C. federal district court denied Leandra English’s motion for a temporary restraining order (TRO) to prevent President Trump from appointing or recognizing the appointment of a...more

Faegre Drinker Biddle & Reath LLP

Round 1 of CFPB Leadership Controversy Goes to Mulvaney — Why Does It Matter?

An unusual controversy over the leadership of the Consumer Financial Protection Bureau (CFPB) erupted last week, the resolution of which has important ramifications for consumer financial services regulation. A federal...more

Kilpatrick

Showdown Over CFPB Leadership Continues

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In an interesting turn of events over Thanksgiving weekend, outgoing Consumer Financial Protection Bureau (CFPB) Director Richard Cordray promoted CFPB Chief of Staff Leandra English to the position of CFPB deputy director on...more

A&O Shearman

US Consumer Financial Protection Bureau Director to Step Down

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US Consumer Financial Protection Bureau Director Richard Cordray sent a memo to his staff announcing that he plans to leave his position by the end of the month...more

Ballard Spahr LLP

Another argument for why Mick Mulvaney is the CFPB Acting Director

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As we reported, the DOJ’s Office of Legal Counsel (OLC) has issued a memorandum to the President’s Counsel in which it opined that the President has the legal right to appoint Mick Mulvaney CFPB Acting Director under the...more

Clark Hill PLC

Window on Washington - Vol. 1, Issue 36

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So much to do with little time: Lawmakers are back from Thanksgiving break and facing chaos on Capitol Hill, as Republicans hope to overhaul the tax code, reform Obamacare, and avoid a government shutdown. There are 34 days...more

Clark Hill PLC

The CFPB Takes No Holiday for Thanksgiving Leaving the Leadership of the Agency in Doubt

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While the rest of the country was scattering for Thanksgiving celebrations, Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB or Bureau) since July 17, 2013, was quietly plotting his own succession. ...more

Davis Wright Tremaine LLP

Next Steps for the CFPB

Richard Cordray, the director of the U.S. Consumer Financial Protection Bureau (CFPB), resigned from this post at the close of business last Friday, November 24. In a statement to staff, he said that Leandra English, the...more

Hinshaw & Culbertson LLP

Trouble With A Capital C: Cordray’s Move To Name His Own Successor At The CFPB

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In contrast to his big wins on Jeopardy! in the 1980s, Richard Cordray lost badly in 2017 after staking so much on the Consumer Finance Protection Bureau’s (“CFPB”) Final Rule, which would have prohibited the use of class...more

Ballard Spahr LLP

Federal court asked to decide who is CFPB Acting Director

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Last Friday, November 24, effective at midnight, Richard Corday resigned as CFPB Director.  Earlier in the day, the CFPB issued a press release announcing that Mr. Cordray had named Leandra English, the CFPB’s Chief of Staff,...more

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